The new consumer protection rules will take effect in July 2024.
South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law
Further review and consideration regarding crypto ETFs is planned, the regulator says.
Taiwan Issues Crypto Guidance as It Steps Up Regulation
The guiding principles focus on customer protection and includes requirements to custody client funds separately from company assets.
Bank of Korea given right to investigate local crypto firms: Report
The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country.
Taiwan’s Crypto Industry Welcomes Regulatory Announcement
FSC chairman confirms that the island’s top financial watchdog will regulate crypto.
South Korean legislature considering new licensing system for crypto
Regulators in South Korea have issued a new report that offers a bevy of recommendations for how to properly govern the country’s crypto industry.
South Korea’s new president delays crypto taxes in favor of consumer protections
The country’s president elect is proving his crypto savvy by declaring there will be no tax on crypto investment gains until legislation can ensure consumer protections.
South Korea moves to ban cross trading for crypto exchanges
South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency.
South Korean regulators parley with 20 crypto exchanges
The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight.
South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
South Korea’s top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
South Korean Financial Overseer Who Banned ICOs Abruptly Quits
During his tenure Chairman Choi Jong-ku took a hard line against ICOs but enacted some favorable policies towards blockchain businesses.
South Korea’s Financial Watchdog Warns Investors Over Crypto Funds
South Korea’s Financial Services Commission has warned the public to exercise caution when investing in cryptocurrency funds.
South Korea’s Finance Watchdog Is Forming a Crypto Division
South Korea’s Financial Services Commission has revealed it is setting up a department dedicated largely to cryptocurrencies and blockchain.
Korea to Inspect 3 Banks Over Crypto Exchange AML Compliance
Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.
South Korean Financial Watchdog Touts Blockchain in Fintech Plans
South Korea’s Financial Services Commission plans to encoureage businesses to use blockchain tech in new payment systems and more.